Latest news with #LGInnotek
Korea Herald
4 days ago
- Automotive
- Korea Herald
LG Innotek bets big on digital keys to drive W1.5tr in auto sales by 2030
Smartphone-powered key system offers high-precision access, safety alerts, targeting mass adoption by 2030 LG Innotek is stepping up its growth efforts with a next-generation digital key solution, positioning it as a central pillar in achieving 1.5 trillion won ($1.09 billion) in annual sales from automotive connectivity businesses by 2030. The Korean electronic parts supplier unveiled this vision during a media seminar Tuesday at its headquarters in western Seoul, where it showcased its latest advancements in digital key technology. 'Our next-generation digital key solution is an innovation built on LG Innotek's proprietary wireless communication technology, delivering differentiated value to customers,' said Yoo Byaeng-kuk, head of the company's automotive components business unit, during the seminar. 'It (the 1.5 trillion won target) is not just wishful thinking. It's grounded in orders we have already secured. We aim to become the world's No. 1 supplier of digital key solutions by 2030.' LG Innotek's digital key solution replaces traditional smart keys with a smartphone-based system that uses Bluetooth and near-field communication to unlock vehicle doors. In 2024 alone, the company secured orders for 14 vehicle models equipped with an upgraded version featuring ultrawideband technology, which minimizes external interference between the key and the vehicle to enhance security. Looking ahead, LG Innotek plans to further advance its digital key with a high-precision 3D positioning algorithm and proprietary radar technology, targeting mass production by 2028. The 3D algorithm reduces the margin of error of 20–30 centimeters in current products to just 10 centimeters. It enables precise detection of whether the user is inside or outside the car, or near specific doors or the trunk, the company said. Additionally, the radar system enhances safety by sending smartphone alerts in case of external impacts or if a child is left inside the vehicle. 'There are only us and one or two companies in Europe in the world capable of developing a digital key that can recognize positioning within 10 centimeters,' said Nam Hyoung-ki, head of LG Innotek's connectivity development department. Nam added that the company is working to expand the digital key modules to support autonomous parking, leveraging its high precision to replace multiple complex components that currently handle separate functions. LG Innotek's enhanced focus on digital key technology comes as the global market is projected to grow from the current 600 billion won to 3.3 trillion won by 2030. While premium vehicle segments already show an adoption rate of around 70 percent, the company expects broader uptake across other segments, driven by the expansion of car-sharing and leasing services increasing demand for keyless solutions. With 83 percent of its first-quarter sales of 4.98 trillion won coming from optical solutions, its traditional core business, the company is expanding its portfolio to include the automotive electronic parts sector to capitalize on the anticipated self-driving car boom.
Korea Herald
25-06-2025
- Business
- Korea Herald
LG Innotek debuts copper post tech to shrink smartphone substrates
LG Innotek said Wednesday it has developed and applied the world's first copper post (Cu-Post) technology for high-value semiconductor substrates used in mobile devices, marking a new step forward in the pursuit of slimmer, high-performance smartphones. As global smartphone manufacturers increasingly compete to enhance performance while minimizing device thickness, the demand for advanced yet compact semiconductor substrate technologies is rising sharply. Anticipating the trend, the electronics parts maker began developing its next-generation Cu-Post technology in 2021. Unlike conventional methods, where solder balls connect chip substrates directly to the mainboard, the Cu-Post method leverages copper pillars to reduce the pitch and size of solder balls. This innovation enables a reduction in substrate size and allows for denser circuit layouts, thereby improving integration without compromising performance. This is key to achieving both thinner form factors and higher processing power in smartphones. LG Innotek said the application of Cu-Post can shrink the size of semiconductor substrates by up to 20 percent while maintaining the same level of performance. It makes the technology especially suitable for high-spec functions such as artificial intelligence computation, which requires rapid and complex signal processing. The thermal performance of devices also sees notable improvement. Copper has a thermal conductivity of more than seven times that of traditional solder, enabling faster heat dissipation from semiconductor packages. With the successful implementation of Cu-Post, the company aims to further solidify its leadership in the global radio frequency-system in package substrate market, where it already holds the top position. The company has also laid out an ambitious plan to grow its semiconductor component business — centered around premium substrates and automotive application processor modules — into a 3 trillion won ($2.2 billion) annual revenue segment by 2030. 'The technology is the result of our commitment to supporting the success of our customers,' said CEO Moon Hyuk-soo. 'Through breakthrough innovation, we aim to reshape the paradigm of the substrate industry and continuously deliver differentiated customer value.'
Phone Arena
24-06-2025
- Phone Arena
Apple's next iPad Pro might get a bezel makeover
Apple's next iPad Pro OLED displays may come with LG Innotek's chip-on-film (CoF) technology. This change may potentially make it possible for the company to shave the bezels noticeably and also offer a more compact design without sacrificing screen size. The info comes from a report from the Korean outlet The Elec, which states that Apple is now expected to either approve or reject LX Semicon's display driver IC this month, which would work alongside the aforementioned CoF tech. What CoF basically does is attach the display driver chips to panels using heat compression on flexible films. It sends signals to control individual pixels through thin-film transistors. This combination allows for tighter integration of the panel with the display's edges. And yep, this basically means there could be shrinking of the visible bezels and thus creating more screen real estate in the same device size. The iPad Pro M4 from 2024. | Image Credit – PhoneArena Meanwhile, that's not all the combo can give. It can also offer a more power-efficient signal processing (therefore better battery life), but this may or may not happen. So far, Apple has relied on Samsung System LSI for display driver ICs in its OLED iPad Pro models. A switch to LG could also diversify Apple's supply chain and reduce component costs through, well, competition. The report doesn't state specifically which iPad model the new components are made for. However, an earlier report indicated that LX Semicon's entry into Apple's supply chain is for the iPad Pro. The new iPad Pro models are expected to come in the second half of this year and sport an M5 chip. Apparently, in the future, iPads are rumored to come with a landscape-oriented Apple logo and Apple's 5G modems, and there are also talks about a potential 18.8-inch foldable iPad that could come in 2027. Honestly, I love the idea of thinner bezels – it's one of those small changes that just makes the whole device feel more modern. And if Apple's finally bringing some real competition between Samsung and LG into the mix, maybe we'll start seeing faster upgrades and better prices too. Fingers crossed! Secure your connection now at a bargain price! We may earn a commission if you make a purchase Check Out The Offer
Korea Herald
17-06-2025
- Automotive
- Korea Herald
LG Innotek named among Best Korea Brands 2025 by Interbrand
South Korean electronics parts maker LG Innotek announced Tuesday that it has been selected as one of the top 50 Best Korea Brands 2025 by Interbrand, marking its second consecutive year on the list. Interbrand, a global brand consultancy, assesses candidates based on financial performance, market influence and growth potential. LG Innotek's brand value was estimated at 407.5 billion won ($299 million) in this year's evaluation. The company posted 21.2 trillion won in revenue in 2024, driven by strong performance across its core businesses ㅡ optical solutions, substrate materials and automotive components. Leveraging its leadership in optical solutions, LG Innotek is expanding into parts for autonomous driving/advanced driver assistance systems and semiconductors, strengthening its portfolio. It is also accelerating innovations in optical design, precision manufacturing and control technologies, applying them to humanoid robotics and other future growth areas. Earlier this year, the company unveiled a new vision and brand identity, aiming to go beyond being a top-tier supplier to become an indispensable technology partner that supports customers' success. 'We will continue to deliver differentiated products that realize our clients' visions and develop our brand value as a trusted partner,' said LG Innotek CEO Moon Hyuk-soo.
Korea Herald
09-06-2025
- Automotive
- Korea Herald
LG Innotek Unveils World's First Automotive 5G Broadband Satellite Communication Module
SEOUL, South Korea, June 9, 2025 /PRNewswire/ -- LG Innotek has unveiled the world's first Automotive 5G Communication Module with satellite connectivity, enabling high-speed communication anywhere, anytime. LG Innotek (CEO Moon Hyuksoo, 011070) announced on June 9, 2025, that it has successfully developed the world's first 'Third-generation Automotive 5G Communication Module' that supports satellite communication over 5G broadband (NR-NTN, with a bandwidth of approximately 30MHz). The Automotive 5G Communication Module is a component installed inside a vehicle that enables data communication with network infrastructure, such as base stations and satellites, using 5G technology. It is an essential component for Software-Defined Vehicles (SDVs) and autonomous driving. Previously, 5G communication modules with satellite connectivity operated on narrowband (NB-NTN) channels with a bandwidth of about 0.2MHz. With data transmission speeds limited to several hundred kilobits per second, such modules were suitable for only low-volume data applications, such as text messaging. Due to the limited capacity for high-volume data transmission, narrowband satellite communication modules have been unable to meet automakers' requirements for advanced autonomous driving. LG Innotek's new ''Third-generation 5G Communication Module'supports 5G broadband satellite communication (NR-NTN). Even when disconnected from terrestrial base stations, the module maintains continuous communication via satellite, enabling the high-speed transmission and reception of large volumes of data over a broadband network from anywhere. To develop this product, LG Innotek leveraged the world-class vehicular communication technologies that it has built up since 2005. The company possesses the capability to develop software optimized for vehicular communication as well as expertise in designing radio frequency (RF) circuits that minimize signal interference and antennas that enhance data communication efficiency. Based on these capabilities, LG Innotek has demonstrated its technological leadership in the global vehicular communication module market by launching a series of innovative products, including the world's first 'First-generation Vehicle 5G Communication Module', the 'Second-Generation 5G-V2X Communication Module', and a 'Digital Key Solution'. LG Innotek's 'Third-generation 5G Communication Module' delivers data transmission speeds that are hundreds of times faster—reaching tens of megabits per second—than existing 5G satellite communication modules. Additionally, data transmission latency has been reduced from several seconds to just a few hundred milliseconds, significantly enhancing real-time communication capabilities. This component enables vehicles to seamlessly send and receive large volumes of data—such as voice audio, images, and video—at high speeds anytime, anywhere, making advanced communication services a reality. For example, even when a vehicle is in a remote area such as a desert or mountain or a region where the communication infrastructure has been damaged by an accident or natural disaster, high-speed communication can be maintained uninterrupted via satellite connectivity. Thus, in the event of an accident, emergency rescue requests and vehicle status information can be transmitted quickly, enabling prompt assistance and improving driver safety. Moreover, the 'Third-generation 5G Communication Module' further enhances autonomous driving performance. With satellite connectivity, vehicles can transmit and receive precise location information from anywhere, and autonomous driving algorithms can be updated in real time, resulting in improved driving accuracy and safety. Another key advantage is that the 'Third-generation 5G Communication Module' complies with international standards, allowing it to be widely adopted across various countries and vehicle models. The product adopts the latest 5G standard, Release 17, from the 3rd Generation Partnership Project (3GPP). Release 17 is the first international standard to extend 5G technology from traditional terrestrial networks to non-terrestrial networks, such as satellites. LG Innotek plans to begin mass production of its 'Third-generation 5G Communication Module' by the first quarter of 2026, aiming to accelerate the company's expansion in the global automotive communication module market. It is actively promoting the product to automakers in North America and Japan. Byaeng kuk Yoo, head (senior vice president) of LG Innotek's Automotive Components Business Unit, said, "The vehicular communication module is a core business that will drive LG Innotek's automotive components segment, alongside automotive lighting. We are committed to developing vehicular communication modules into approximately more than 800 million U.S. dollars business by continuously introducing innovative components that deliver differentiated value to our customers." According to industry experts, the number of cars equipped with 5G communication modules is expected to grow from 4 million in 2024 to 75 million by 2032, representing a compound annual growth rate (CAGR) of 43%. [Glossary] 1. NR-NTN (New Radio-Non-Terrestrial Network): A 5G mobile communication network that uses low Earth orbit (LEO) satellites. By leveraging broadband frequencies, NR-NTN enables high-speed communication and the transmission of large volumes of data. 2. NB-NTN (Narrowband-Non-Terrestrial Network): A 5G mobile communication network that typically uses high-altitude geostationary orbit (GEO) satellites. Operating on narrowband frequencies, NB-NTN supports the transmission of small amounts of data.
